Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 398.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,262 shares of the financial services provider's stock after purchasing an additional 20,989 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Equinix were worth $24,762,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Capital Research Global Investors boosted its position in Equinix by 2.6% in the 4th quarter. Capital Research Global Investors now owns 1,098,700 shares of the financial services provider's stock valued at $1,035,953,000 after buying an additional 28,297 shares during the period. Ecofi Investissements SA boosted its holdings in Equinix by 50.0% in the fourth quarter. Ecofi Investissements SA now owns 150 shares of the financial services provider's stock valued at $131,000 after purchasing an additional 50 shares during the period. GeoWealth Management LLC increased its holdings in Equinix by 18.5% during the 4th quarter. GeoWealth Management LLC now owns 5,223 shares of the financial services provider's stock worth $4,925,000 after purchasing an additional 817 shares during the period. Capital International Ltd. CA raised its position in Equinix by 0.8% in the 4th quarter. Capital International Ltd. CA now owns 1,737 shares of the financial services provider's stock valued at $1,638,000 after purchasing an additional 14 shares in the last quarter. Finally, Commerce Bank boosted its stake in shares of Equinix by 0.8% in the 4th quarter. Commerce Bank now owns 3,734 shares of the financial services provider's stock valued at $3,521,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 215 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total transaction of $199,891.95. Following the sale, the insider now directly owns 1,245 shares in the company, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now owns 17,669 shares of the company's stock, valued at $16,117,838.49. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,040 shares of company stock valued at $6,547,068 in the last three months. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on EQIX shares. Truist Financial reduced their target price on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Mizuho lowered their target price on shares of Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Barclays upped their price objective on Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average price target of $1,004.94.

Equinix Stock Performance

Shares of Equinix stock traded up $10.27 during trading hours on Thursday, hitting $819.73. 175,586 shares of the company were exchanged, compared to its average volume of 551,184. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average of $839.40 and a 200-day moving average of $895.62. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 96.02, a P/E/G ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. As a group, analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Equinix's previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix's dividend payout ratio is 219.42%.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.